Local financial planning office
Open a small local advice office with a paraplanner or admin helper, serving families and retirees in your area.
- A$20k-60k
- Full-time
- Own premises
- Licence or permit needed
Estimates for a small start in Australia, not guarantees.
What it is
A full-time advice practice from a small rented office, with a paraplanner or admin person to prepare plans and handle paperwork. You can work under a licensee or, later, consider your own licence.
Your first three steps
- Confirm you meet ASIC's requirements and decide whether to join an existing licensee or look into holding your own licence
- Build referral relationships with local accountants, mortgage brokers and solicitors before you sign a lease
- Price a small office, software, insurance and a part-time paraplanner, and set a budget that covers the first year
Who pays
Local families, pre-retirees and retirees, and small business owners who prefer meeting face to face.
How it makes money
Plan preparation fees and ongoing advice fees from a growing client base. Extra staff let you serve more clients, but they add to your costs.
Skills that help
- Advice and client relationships
- Managing staff and workflow
- Local networking, for example with accountants and solicitors
- Compliance and attention to detail
Watch out for
- Holding your own Australian financial services licence is a big step with ongoing obligations, so get professional advice first
- Professional indemnity insurance, and workers compensation insurance once you hire (check your state scheme)
- Commercial lease commitments while income is still building
- Compliance, record keeping and client file reviews take real time each week
- Check local council rules for signage and use of the premises
Deep research report · Australia
Everything you need to start: local financial planning office
Researched with live web search for Australia: real startup prices, the licences and rules, what others charge, a break-even example, how to find your first customers and a 30-day launch plan. With sources.
- Startup costs with real prices
- Licences, registration and rules
- Pricing: what others charge
- Break-even example
- Finding your first customers
- 30-day launch plan
- Risks and how to reduce them
Questions people ask
How much does it cost to open a financial planning office?
Startup costs are estimated at typically around $20,000 to $60,000, depending on the office, fit-out and insurance. Monthly revenue is estimated at around $8,000 to $40,000, depending on your client base and the size of your team.
What should I check before opening a financial advice office?
Check that holding your own Australian financial services licence is a big step with ongoing obligations, so get professional advice first. Also check professional indemnity and workers compensation insurance, lease commitments, and local council rules for signage and use of the premises.
How much time does running a financial planning office take?
Plan on at least around 30 hours a week. Compliance, record keeping and client file reviews take real time each week. Useful skills include advice and client relationships, managing staff and workflow, local networking and attention to detail.
Other ways to run this business
Similar business services ideas
Local lab supplies and equipment supplier
Stock and deliver lab instruments and consumables to schools, councils and businesses in your region.
- A$15k-60k
- Full-time
- Own premises
Local property management agency with a small team
Open a small office and grow a rent roll of local rentals with one or two property managers.
- A$20k-60k
- Full-time
- Own premises
Boutique office leasing agency
Open a small local agency that leases offices for building owners and finds space for tenants.
- A$15k-60k
- Full-time
- Own premises
Local rental agency with a small office
Open a small shopfront or office agency with a team managing rentals for landlords in your suburb.
- A$20k-60k
- Full-time
- Own premises
Office accessories supplier with a small unit
Hold a wider range in a small warehouse unit and supply offices, shops and resellers with regular bulk deliveries.
- A$15k-60k
- Full-time
- Own premises
Bag wholesaler with a small warehouse
Buy bags by the pallet, store them in a small unit and deliver cartons to local shops, cafes and businesses.
- A$15k-60k
- Full-time
- Own premises